Mortgage rates rose for the second straight week, according to Freddie Mac’s (OTCQB: FMCC) Primary Mortgage Market Survey. The 30-year fixed-rate mortgage averaged 6.53% as of May 28, up from last week when it averaged 6.51%, which marked a nine-month high. A year ago...
A total of 1.57 million mortgages secured by residential property (one to four units) were originated in the first quarter, according to new data from ATTOM. This marked a 13% decline from the previous quarter, but it was also a 5% year-over-year increase. The total...
Roughly three in 10 homebuyers (28.8%) in March eschewed mortgage financing to pay for residential properties with all-cash transactions. According to a data report from Redfin, that share was down from 29.8% one year before and tied with 2021 for the lowest March...
Mortgage application activity was lethargic during the week ending May 22, fueled primarily by a pullback in refinancing, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume,...
The national mortgage delinquency rate in April was 3.35%, mostly unchanged from March but up 4.17% from one year earlier, according to data from Intercontinental Exchange Inc. (NYSE: ICE). Serious delinquencies declined seasonally in April for the second month in a...
Wells Fargo & Co. (NYSE: WFC) will begin writing mortgages for homes built with technology from Icon, the leading 3D residential construction company. Icon has previously worked with the lender’s philanthropic arm, the Wells Fargo Foundation, for the financing of...
